Quarterly Result
- Unaudited Financial Results
for the Quarter Ended 30th September 2010
| Unaudited Financial Results
for the Quarter Ended 30th September 2010 |
| |
|
|
|
|
|
(Rs. in lacs) |
| P
a r t i c u l a r s |
Quarter
ended |
Year
To Date |
Year
ended 31st March 2010 |
30th
September 2010 |
30th
September 2009 |
30th
September 2010 |
30th
September 2009 |
| |
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
| 1. |
Income From Operations |
17,722.10 |
15,563.68 |
33,378.77 |
28,043.99 |
63,653.11 |
| 2. |
Other Operating Income |
1,356.20 |
1,666.34 |
2,906.81 |
3,276.09 |
6,277.77 |
| |
Total Operating Income (A) |
19,078.30 |
17,230.02 |
36,285.58 |
31,320.08 |
69,930.88 |
| 3. |
Staff Cost |
3,122.97 |
2,860.19 |
6,313.85 |
5,235.05 |
10,533.55 |
| 4. |
Depreciation |
677.51 |
838.34 |
1,405.87 |
1,686.96 |
3,278.58 |
| 5. |
Brokerage & Commission |
1,353.75 |
1,130.34 |
2,945.05 |
2,199.46 |
5,021.72 |
| 6. |
Bad Debts Written-off |
458.44 |
622.51 |
1,431.12 |
1,588.12 |
4,001.85 |
| 7. |
Other Operative & Administrative Expenses |
1,490.30 |
1,353.54 |
2,717.56 |
2,285.01 |
5,536.11 |
| |
Total Operating Expenditure (B) |
7,102.97 |
6,804.92 |
14,813.45 |
12,994.60 |
28,371.81 |
| 8. |
Profit From Operations Before Other Income &
Interest (A-B) |
11,975.33 |
10,425.10 |
21,472.13 |
18,325.48 |
41,559.07 |
| 9. |
Other Income |
50.66 |
89.51 |
86.44 |
202.64 |
370.01 |
| 10. |
Profit Before Interest & Tax |
12,025.99 |
10,514.61 |
21,558.57 |
18,528.12 |
41,929.08 |
| 11. |
Interest & Finance Charges |
8,367.61 |
8,289.43 |
15,397.39 |
14,766.59 |
31,624.96 |
| 12. |
Profit Before Tax |
3,658.38 |
2,225.18 |
6,161.18 |
3,761.53 |
10,304.12 |
| 13. |
Tax Expense (Includes Deferred Tax) |
1,218.60 |
766.27 |
2,081.25 |
1,288.32 |
3,658.09 |
| 14. |
Profit After Tax |
2,439.78 |
1,458.91 |
4,079.93 |
2,473.21 |
6,646.03 |
| 15. |
Paid-up Equity Capital (Face Value of Rs.2/-Each) |
2,586.96 |
2,177.71 |
2,586.96 |
2,177.71 |
2,177.71 |
| 16. |
Reserves & Surplus |
- |
- |
- |
- |
32,670.78 |
| 17. |
Earning Per Share |
|
|
|
|
|
| |
- Basic (In Rs.) |
1.65 |
1.15 |
2.88 |
1.90 |
5.46 |
| |
- Diluted (In Rs.) |
1.62 |
1.15 |
2.82 |
1.90 |
5.45 |
| 18. |
Public Shareholding |
|
|
|
|
|
| |
- Number Of Shares |
75,320,597 |
54,957,200 |
75,320,597 |
54,957,200 |
54,806,585 |
| |
- Percentage Of Shareholding |
58.23% |
50.47% |
58.23% |
50.47% |
50.33% |
| 19. |
Promotors and promotor group Shareholding |
|
|
|
|
|
| |
a) Pledged/Encumbered |
|
|
|
|
|
| |
- Number of Shares |
- |
- |
- |
- |
- |
| |
- % of Shares (to total shareholding of promotor
and promotor group) |
- |
- |
- |
- |
- |
| |
- % of Shares (to total share capital of the
Company) |
- |
- |
- |
- |
- |
| |
b) Non-encumbered |
|
|
|
|
|
| |
- Number of Shares |
54,027,503 |
53,928,500 |
54,027,503 |
53,928,500 |
54,079,115 |
| |
- % of Shares (to total shareholding of promotor
and promotor group) |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| |
- % of Shares
(to total share capital of the Company) |
41.77% |
49.53% |
41.77% |
49.53% |
49.67% |
|
| Interim disclosure of Balance Sheet
items |
(Rs. in lacs) |
| P
a r t i c u l a r s |
Six Months ended |
|
30th September 2010 |
30th September 2009 |
| (Unaudited) |
(Unaudited) |
| Shareholders' Funds |
|
|
| (a) Share Capital |
17,697.16 |
13,787.91 |
(b) Optionally Convertible
Equity Warrants
|
1,250.00 |
- |
| (c) Reserves and Surplus |
48,185.98 |
29,782.15 |
| Total Shareholders' Funds |
67,133.14 |
43,570.06 |
| Mezzanine Capital |
- |
92.96 |
| Subordinated Non-Convertible Perpetual Debentures
(Tier I Capital) |
3,000.00 |
- |
| Subordinated Redeemable Non-Convertible Debentures
(Tier II Capital) |
32,920.00 |
17,000.00 |
| Loan Funds |
351,479.56 |
280,564.46 |
| Deferred Tax Liability |
4,681.07 |
4,811.93 |
Total |
459,213.77 |
346,039.41 |
| |
|
|
| Fixed Assets |
19,651.23 |
22,266.83 |
| Investments |
3,727.65 |
3,579.44 |
| Current Assets, Loans and Advances |
|
|
| (a) Assets on Finance |
348,148.58 |
264,042.04 |
| (b) Stock-in-trade |
17.17 |
- |
| (c) Sundry Debtors |
1,023.73 |
1,005.20 |
| (d) Cash & Bank
Balances |
114,483.71 |
82,621.88 |
| (e) Other Current Assets |
28.99 |
104.95 |
| (f) Loans and Advances |
17,700.24 |
19,707.92 |
| Less: Current Liabilities and Provisions |
|
|
| (a) Current Liabilities |
39,531.94 |
44,524.80 |
| (b) Provisions |
6,035.59 |
2,764.05 |
| Total Net Current Assets, Loans and
Advances |
435,834.89 |
320,193.14 |
Total |
459,213.77 |
346,039.41 |
Notes : |
| 1. |
The financial results have been reviewed by the
Audit Committee and recommended for adoption to the Board
of Directors. The Board of Directors of the Company have considered
and approved the same at its Meeting held on 12th October
2010. |
| 2. |
The Statutory Auditors have carried out the Limited
Review of the unaudited financial results as required under
Clause 41 of the listing agreement. |
| 3. |
The Company is engaged primarily in the business
of financing in India and as such no separate information
as per Accounting Standard 17 (Segment Reporting) is required
to be furnished. |
| 4. |
Pursuant to the approval of the shareholders at
the Annual General Meeting held on 15th July 2010, the equity
shares of face value of Rs. 10/- each were sub-divided into
5 equity shares of face value of Rs. 2/- each on record date
of 16th August 2010. Accordingly, the EPS has been recalculated
based on face value of Rs. 2/- each for the current quarter
and for the earlier periods as required by Accounting Standards
20 (Earnings Per Share). |
| 5. |
There was no investor complaint pending
as on 30th September 2010. During the quarter, 3 (three) complaints
were received and duly resolved. |
|
| By order of the Board
For Magma Fincorp Limited |
Place : Kolkata - 700 016
Dated : 12th October 2010 |
| Sanjay Chamria
Vice Chairman & Managing Director |
Registered Office : Magma
House, 24 Park Street, Kolkata - 700 016 |
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